Indag Rubber Ltd - Stock Valuation and Financial Performance

BSE: 509162 | NSE: | Rubber Products | Small Cap

Indag Rubber Share Price

135.50 -0.90 -0.66%
as on 28-Mar'24 16:01

DeciZen - make an informed investing decision on Indag Rubber

Overall Rating
M-Cap below 500cr. High Risk from low Liquidity Bole Toh

1. Quality

2. Valuation

Fair

3. Price Trend

Indag Rubber stock performance -

mw4me loader
P/E Ratio (SA):
17.79
Market Cap:
355.7 Cr.
52-wk low:
92.2
52-wk high:
168.6

Is Indag Rubber Ltd an attractive stock to invest in?

1. Is Indag Rubber Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Indag Rubber Ltd is a average quality company.

2. Is Indag Rubber Ltd undervalued or overvalued?

The key valuation ratios of Indag Rubber Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Indag Rubber Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Indag Rubber Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Indag Rubber:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Indag Rubber Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 29.6%27.4%21.5%11.8%7.8%5.8%7.2%6.5%1.4%6.5%-
Value Creation
Index
1.11.00.5-0.2-0.4-0.6-0.5-0.5-0.9-0.5-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 232242253184164169187170167244254
Sales YoY Gr.-4.2%4.5%-27.4%-10.7%2.9%10.7%-9.1%-1.7%46.1%-
Adj EPS 10.31211.57.45.34.154.6157.6
YoY Gr.-15.9%-3.5%-36.2%-27.9%-23.7%24.4%-8.5%-78.7%413.3%-
BVPS (₹) 39.348.859.967.27172.571.175.178.780.785.2
Adj Net
Profit
27.131.430.319.31410.613.212.12.613.220
Cash Flow from Ops. 24.630.829.98.713.8-2.58.312.78.59.7-
Debt/CF from Ops. 0000000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 0.5%8.3%9.3%46.1%
Adj EPS -7.7%-1.1%-0.1%413.3%
BVPS8.3%2.6%4.3%2.6%
Share Price 9% 4.9% 14% 42.9%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
29.327.221.311.67.75.676.31.36.39.2
Op. Profit
Mgn %
161718.115.9117.28.79.70.65.58.4
Net Profit
Mgn %
11.7131210.58.56.37.17.11.55.47.9
Debt to
Equity
0000000000-
Working Cap
Days
951019913016216516718116711771
Cash Conv.
Cycle
60626181981111111101036850

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 9.20%

Sales growth is good in last 4 quarters at 15.59%

Sales growth has been subdued in last 3 years 9.30%

Net Profit has been subdued in last 3 years -0.07%

Latest Financials - Indag Rubber Ltd.

Standalone Consolidated
TTM EPS (₹) 7.6 0.8
TTM Sales (₹ Cr.) 254 167
BVPS (₹.) 85.2 0
Reserves (₹ Cr.) 218 218
P/BV 1.59 0.00
PE 17.79 171.65
From the Market
52 Week Low / High (₹) 92.20 / 168.55
All Time Low / High (₹) 0.33 / 237.00
Market Cap (₹ Cr.) 356
Equity (₹ Cr.) 5.3
Face Value (₹) 2
Industry PE 32.6

Management X-Ray of Indag Rubber:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Indag Rubber

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales232242253184164169187170167244
Operating Expenses 195201207154146157171153166230
Manufacturing Costs1091176898811
Material Costs154157151108107115121108120174
Employee Cost 15172119161821212122
Other Costs 16182521171620171723
Operating Profit 3741462918121616113
Operating Profit Margin (%) 16.0%17.0%18.1%15.9%10.9%7.2%8.7%9.7%0.6%5.5%
Other Income 2356755469
Interest 0011000000
Depreciation 3233334344
Exceptional Items 0000000-1300
Profit Before Tax 364248322214174317
Tax 891610633104
Profit After Tax 283332221611133313
PAT Margin (%) 11.9%13.5%12.6%11.9%9.6%6.3%7.1%1.6%1.6%5.4%
Adjusted EPS (₹)10.512.412.28.36.04.05.11.11.05.0
Dividend Payout Ratio (%)19%19%20%29%40%60%47%228%243%48%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 103128157176186190187197207212
Share Capital 5555555555
Reserves 98123152171181185181192201207
Minority Interest0000000000
Debt0000000000
Long Term Debt0000000000
Short Term Debt0000000000
Trade Payables13191118141415151723
Others Liabilities 171819131098101116
Total Liabilities 133165187207210214210222234251

Fixed Assets

Gross Block45465234353638414253
Accumulated Depreciation22242536913161922
Net Fixed Assets23222831292725252331
CWIP 444001101910
Investments 40638393107998295112113
Inventories32302941333837363942
Trade Receivables26343029293437292329
Cash Equivalents 3445453422
Others Assets568891015143333
Total Assets 133165187207210214210222234251

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity 253130914-3813910
PBT 364248322214174317
Adjustment 2-1-2-3-4-101312
Changes in Working Capital -5-1-3-112-11-486-7
Tax Paid -7-9-13-9-6-4-5-12-1-3
Cash Flow From Investing Activity -17-23-230-6102-9-3-2
Capex -6-3-7-2-1-2-14-12-4-5
Net Investments -13-22-18-1-910130-20
Others 1122313323
Cash Flow From Financing Activity -6-7-8-8-8-8-12-3-7-7
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid 0000000000
Dividend Paid -5-6-6-6-6-6-10-2-6-6
Others -1-1-1-1-1-1-2000
Net Cash Flow 21-1100-11-11
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)29.8228.2122.4313.128.695.617.051.441.286.33
ROCE (%)39.3436.7433.9819.4312.117.439.072.061.568.47
Asset Turnover Ratio1.91.621.451.040.810.80.880.790.731.01
PAT to CFO Conversion(x)0.890.940.940.410.88-0.270.624.3330.77
Working Capital Days
Receivable Days37454653636970725739
Inventory Days50474363817773788261
Payable Days32373649554545524841

Indag Rubber Ltd Stock News

Indag Rubber Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Indag Rubber on 28-Mar-2024 16:01 is ₹135.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 28-Mar-2024 16:01 the market cap of Indag Rubber stood at ₹355.7.
The latest P/E ratio of Indag Rubber as of 28-Mar-2024 16:01 is 17.79.
The latest P/B ratio of Indag Rubber as of 28-Mar-2024 16:01 is 1.59.
The 52-week high of Indag Rubber is ₹168.6 and the 52-week low is ₹92.20.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Indag Rubber is ₹253.9 ( Cr.) .

About Indag Rubber Ltd

Indag Rubber was founded by the Khemka Group during the early 80’s and pioneered the introduction of cold retreading technology in India. Since then the company has provided retreading material to our customers ranging from precured tread to curing envelopes.

It offers complete range of application specific tread patterns for transportation industry with cost effective tyre solutions.

Indag uses advanced technology in terms of machinery, equipment and raw materials. As a result, our products give mileage that result in Lowest Cost Per Kilometer.

Indag continuously engages in R&D to develop and deliver superior compounds that give higher mileage to our customers. They constantly engage in testing of these compounds in the field to ensure that their customers get a product that gives superior performance.

Their factories are located in Nalagarh, Himachal Pradesh and Bhiwadi, Rajasthan to ensure speedy delivery of their product to their customers all over India and different parts of the World.

Products manufactured by the company:

  • Precured Tread Rubber
  • Un-vulcanized Rubber Strip Gum
  • Universal Spray Cement
  • Envelopes

Certification:

  • Their processes are ISO 9001:2000 certified.

Future Plans:

With an eye on exports and increased sales within the country, Indag Rubber has approved capacity expansion of the main manufacturing facility at Nalagarh, Himachal Pradesh

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